MAS Financial Services Secures RBI Nod for Factoring Business Expansion

MAS Financial Services Limited (BSE: 540749, 947381; NSE: MASFIN) received a "Certificate of Registration - Additional Certificate of Registration to existing NBFC for Factoring" from the Reserve Bank of India (RBI), enabling the company to commence and carry on factoring business.

Subject to market conditions and suitable opportunities, the company plans to start factoring operations in due course. This approval expands MAS Financial's product offerings as a non-banking financial company (NBFC), allowing it to engage in factoring activities under RBI-prescribed conditions.

Regulatory Authority: Reserve Bank of India (RBI).
Approval Details: Permission to undertake factoring business.
Impact: Enables new business line, subject to conditions.
Validity/Other: No fixed period specified; no penalties or impacts noted.

Shares of MAS Financial Services Limited was last trading in BSE at Rs. 315.45 as compared to the previous close of Rs. 324.05. The total number of shares traded during the day was 4911 in over 251 trades.

The stock hit an intraday high of Rs. 320.15 and intraday low of 311.50. The net turnover during the day was Rs. 1547874.00.

Source : Equity Bulls

Keywords

MASFinancialServices INE348L01012 NBFC RBIApproval FactoringBusinessExpansion